Dogecoin Latest Holder Address Count223

Introduction:Dogecoin, a cryptocurrency inspired by the Shiba Inu dog meme, has gained immense popularity in recent years. It has a dedicated and passionate community of supporters who believe in its potential. As of February 2023, Dogecoin has a total supply of 132 billion coins, with an estimated 129 billion coins in circulation.

Latest Holder Address CountAccording to data from BitInfoCharts, as of February 23, 2023, the latest holder address count for Dogecoin is 4,728,983. This number represents the total number of unique addresses that hold Dogecoin balances. It's worth noting that this count does not include addresses with zero balances.

Growth in Holder Address CountThe holder address count for Dogecoin has grown steadily over time. In December 2021, it surpassed 4 million holders for the first time. The count has continued to grow since then, reaching over 4.7 million holders in February 2023. This growth indicates increasing adoption and interest in Dogecoin.

Holder DistributionThe holder distribution of Dogecoin is relatively concentrated, with a small number of addresses holding a significant portion of the supply. According to data from BitInfoCharts, the top 100 Dogecoin addresses hold approximately 34% of the circulating supply. The top 1,000 addresses hold approximately 56% of the supply.

Large HoldersThe largest Dogecoin holder is the Binance cryptocurrency exchange, with an address holding over 34 billion Dogecoins. Other large holders include the cryptocurrency exchange Coinbase, the cold storage provider Ledger, and the Dogecoin Foundation.

Retail HoldersDespite the concentration among large holders, Dogecoin also has a significant number of retail holders. These are individuals who hold relatively small amounts of Dogecoin, ranging from a few coins to a few thousand. The growth in retail holders has been driven by the increasing popularity of Dogecoin, its low transaction fees, and its accessibility to new users.

Importance of Holder CountThe holder address count is an important metric for assessing the health and adoption of a cryptocurrency. A growing holder count indicates increasing interest and demand for the currency. It also suggests that the currency is being distributed more widely, which is a sign of long-term sustainability.

ConclusionThe latest holder address count for Dogecoin is 4,728,983, indicating significant adoption and interest in the cryptocurrency. The growth in holder count, coupled with the large retail holder base, bodes well for the future of Dogecoin as a viable and widely-used digital currency.

2024-12-29

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